Small Business Grants in Rhode Island
Rhode Island Commerce Corporation is the main hub for business financing in the state. RI also has active programs for innovation, manufacturing, and clean energy through several specialized agencies.
⚠️ Programs open and close throughout the year. Verify current status directly with each agency before applying.
Rhode Island Programs
Rebuild Rhode Island Tax Credit
Rhode Island Commerce Corporation
Tax credits for commercial real estate development and renovation projects that create jobs. Targets mixed-use, industrial, and commercial projects statewide.
Small Business Assistance Program
Rhode Island Commerce Corporation
Technical assistance, business counseling, and connections to financing programs for RI small businesses. Gateway to state and federal funding sources.
Polaris MEP Manufacturing Grants
Polaris MEP (Manufacturing Extension Partnership)
Subsidized technical assistance for RI manufacturers looking to improve productivity, quality, and competitiveness. Federally co-funded through NIST.
RI Infrastructure Bank Clean Energy Programs
Rhode Island Infrastructure Bank
Low-interest loans and on-bill financing for clean energy upgrades in RI businesses — solar, energy storage, LED lighting, HVAC, and more.
Wavemaker Fellowship
Rhode Island Commerce Corporation
Helps RI employers attract and retain STEM and design talent by reimbursing student loan payments for qualifying employees. A unique talent retention incentive.
Also Available: Federal Programs
Rhode Island businesses are also eligible for these federal programs.
Other New England States
Know your payroll costs before you apply
Many grants require a payroll estimate. Run yours free for Rhode Island.